Trading suggestion:

Price is in the Trend Hunter Buy Zone (0.7800 to 0.7475).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (0.7800)
• Ending of entry zone (0.7475)

Midterm forecast:

• While the price is above the support 0.7475, beginning of uptrend is expected.
• We make sure when the resistance at 1.2450 breaks.
• If the support at 0.7475 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 1.2450 on 04/04/2022, so more losses minimum to Major Support (0.7475) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 32.

Take Profits:

1. 1.0000
2. 1.2000
3. 1.3500
4. 1.5600
5. 1.7400
6. 1.9097
7. 2.4700